Tata Steel sells a subsidiary for Rs67 crore

Mumbai: Tata Steel will sell its cold rolling mill at Sisodra in Gujarat to Theis Precision Steel India for ₹ 67 crore.

Tata Steel said the sale is subject to Theis completing certain conditions precedent by April 30, a company filing on the BSE said.

A sale agreement to this effect has been signed today. Theis Precision is an indirect wholly-owned subsidiary of Friedr Gustav Theis Kaltwalzweke of Germany.

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